XTN will be collateralized by a basket of tokens from the Waves ecosystem and will no longer be pegged to $1. Instead, the value of XTN will float based on supply and demand and indirectly based on the Backing Ratio (BR). The BR is the total value of all the assets held in collateral against the value of the circulating supply. XTN will target a 100% BR, meaning the price when that is achieved will tend towards $1. This allows for more stability compared to a single-collateral stablecoin, as the value is not tied to the performance of a single asset.